|Bid||1.6700 x N/A|
|Ask||1.9000 x N/A|
|Day's Range||1.8000 - 1.8000|
|52 Week Range||1.8000 - 1.8000|
|Beta (5Y Monthly)||-0.23|
|PE Ratio (TTM)||0.00|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
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Zoom Video Communications rallied Tuesday on news of company job layoffs but that strength was not sustained. ZM was trading lower Wednesday and a look at the charts seems worthwhile. In this daily bar chart of ZM, below, I can see that prices have had trouble establishing a bottom and fail to show a strong or dramatic price low.
Zoom and eBay are the latest tech companies in the layoffs spotlight. Here’s a list of other companies making job cuts.
Shares of eBay were edging down early on Wednesday after the e-commerce marketplace firm said it would cut around 4% of its workforce. The company said the move was driven by the macroeconomic situation and its focus on select categories, which are growing quicker than the rest of its business. “This shift gives us additional space to invest and create new roles in high-potential areas—new technologies, customer innovations and key markets—and to continue to adapt and flex with the changing macro, e-commerce, and technology landscape,” CEO Jamie Iannone said in a message to employees.